“Our goal from the start of this negotiating process was to sign Ilya Kovalchuk to a long-term contract. During the process, Kovy affirmed his desire to be a Thrasher for life. We’ve spent several months exploring scenarios with Kovy and his agent to reach a mutually beneficial agreement, and offered many lucrative packages in an attempt to meet his financial objectives. Unfortunately, we’ve reached an impasse and at this point he has declined all of our proposals and we can’t reasonably go any higher.